UDC 332.1:502.131.1:330.322; JEL Q56, R11, G31
Kolodiychuk, I. A., & Yurkiv, O. M. (2025). Ekolohichne investuvannya: stan, tendentsiyi, perspektyvy [Environmental investment: status, trends, prospects]. Rehional'na ekonomika - Regional Economy, 118 (4), 77-86. DOI: https://doi.org/10.36818/1562-0905-2025-4-7 [in Ukrainian].
Sources: 5

Authors



Kolodiychuk Iryna Anatoliyivna

Doctor of Economics, Senior Researcher

Leading Researcher of the Department of regional ecological policy and environmental management of the Dolishniy Institute of Regional Research of NAS of Ukraine

Contacts: ira1166@ukr.net, +38(067)81-17-182

Webpages:

Yurkiv Oleh Mykhaylovych

Postgraduate of the Department of regional ecological policy and environmental management of the Dolishniy Institute of Regional Research of NAS of Ukraine

Contacts: oleh.yurkiv@gmail.com

Webpages:

Resume

The article examines the current state, dynamics, and regional features of environmental investment in Ukraine under conditions of wartime challenges and post-war recovery. Environmental investment is increasingly transforming from a tool for meeting regulatory environmental requirements into a key factor of regional competitiveness and sustainable economic development. The study aims to analyze the structure and trends of capital environmental investments and current environmental expenditures across Ukrainian regions, as well as to identify priority directions and mechanisms for stimulating green investment in the context of European integration and reconstruction needs. The methodological framework of the research is based on statistical analysis of official data from the State Statistics Service of Ukraine for the period 2015-2023, including a differentiation between capital investments in environmental protection and current environmental expenditures. A regional comparative approach is applied to identify territorial asymmetries, concentration of financial resources, and structural shifts in environmental investment patterns before and during the full-scale war. The results reveal a pronounced unevenness of environmental investment across regions, with a significant concentration of capital investments in industrially developed areas, particularly Dnipropetrovsk region and the city of Kyiv. Capital environmental investments demonstrate a cyclical and project-driven nature, while current environmental expenditures show more stable growth, reflecting the critical role of environmental infrastructure in maintaining basic ecological functions even during periods of economic and military crisis. The full-scale war led to a sharp decline in capital investments in 2022; however, partial stabilization occurred in 2023, indicating the beginning of adaptation processes. These include territorially differentiated incentives, development of regional green funds and guarantee mechanisms, expansion of public-private partnerships, and strengthening project preparation capacity in regions. The findings contribute to the scientific discourse on regional environmental policy and provide practical recommendations for integrating green investment into Ukraine’s post-war economic transformation.

Keywords:

environmental investment, sustainable development, regional economy, green investment, ESG principles, renewable energy, post-war recovery, regional development

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